QUESTION 1 During the time that Galanz was primarily an OEM supplier to international customers, which of the following best describes its operations strategy: a. Brand building and strategic partnerships in overseas markets b. Vertical Integration and high product variety c. Product differentiation d. Extreme manufacturing efficiency to utilize its production assets

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.